Congressional Digest

Congressional Digest April 1998 No. 4 Vol. 77
Fiscal Year 1999 Budget

International Monetary Fund

Reassessing the IMF Role in the New World Economy

Fiscal Year 1999 Budget

The President's Proposals to Congress

On February 2, 1998, President Clinton announced his Fiscal Year 1999 budget to Congress, the first balanced budget to be sent to Congress in three decades. The provisions must still go through the year-long congressional budget process before becoming law. The following are some of the highlights of the President’s proposals. Families and Children The President proposes a major effort to make child care more affordable, accessible, and safe. His Child Care Initiative provides tax breaks to help families pay for care; tax incentives to help businesses create or expand child care facilities; direct subsidies for over two million poor…

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